Mortgage interest rate

[Swatkat]

9 minutes ago, Anta Assamey said:

Find a home.... While signing the contract to build a house.., you just need get a Pre approval .... Which anyone will do... its easy.. 5 min work..

After that... You can go with the builder recommended bank or

Later while closing if you don't like...you can find other bank of your choice...

So preapproval antey apude vadu credit check chesi entha debt undhi avanni chusi pre approval isthada? 

[Anta Assamey]

1 minute ago, Swatkat said:

So preapproval antey apude vadu credit check chesi entha debt undhi avanni chusi pre approval isthada? 

Ante.. He will just check if you can afford the amount you are asking... Yes there will be credit check...

For example ... Ippudu Nuvvu oka 2 million adigavu anuko.. Bank should check if you can afford that amount kada... That is what they do..

[Swatkat]

Just now, Anta Assamey said:

Ante.. He will just check if you can afford the amount you are asking... Yes there will be credit check...

For example ... Ippudu Nuvvu oka 2 million adigavu anuko.. Bank should check if you can afford that amount kada... That is what they do..

Ardhamindhi bro. Debt lekunda u tey better adhey plan next two months lo anni fasak. Thanks bro

[Anta Assamey]

4 minutes ago, Swatkat said:

Ardhamindhi bro. Debt lekunda u tey better adhey plan next two months lo anni fasak. Thanks bro

You can have debt bro ... But what they check is... Current Debt + House Payment ni afford cheyagalava anedi ante...

Example - Ippudu nee salary monthly --10,000 anuko..

And current Debt + New Home Debt = 5000 anuko ... you are fine... But if it is 9000 then not good... Adi vallu check chesedi ... Your pre-approval should give you that idea...

Don't take numbers of face value.. just example kosam using..

[Swatkat]

1 minute ago, Anta Assamey said:

You can have debt bro ... But what they check is... Current Debt + House Payment ni afford cheyagalava anedi ante...

Example - Ippudu nee salary monthly --10,000 anuko..

And current Debt + New Home Debt = 5000 anuko ... you are fine... But if it is 9000 then not good... Adi vallu check chesedi ... You pre-approval should give you that idea...

Don't take numbers of face value.. just example kosam using..

Got it bro.

[quickgun_murugun]

3 hours ago, HugoStrange said:

its too high kada bro, .375 ante. Take a chance. Interest rates em 4 ki vellav le. Vellina oka 1 or 2 years lo malli thagguthai appudu refinance chepinchuko

Interest rates can go upto 5% by 2023 

[Hindhustani]

Bro , for new house when you sign contract, how much you have to pay ? Some builders asking for 20% down payment. 

[terminator_desi]

12 minutes ago, Hindhustani said:

Bro , for new house when you sign contract, how much you have to pay ? Some builders asking for 20% down payment. 

GC EAD vachindi ani confidence to kotta illu kontunava bro?Btw I also started looking for new homes.2014 PD.Got EAD

[TruthTruth]

Just now, terminator_desi said:

GC EAD vachindi ani confidence to kotta illu kontunava bro?Btw I also started looking for new homes.2014 PD.Got EAD

eb3?

[sattipandu007]

14 minutes ago, Hindhustani said:

Bro , for new house when you sign contract, how much you have to pay ? Some builders asking for 20% down payment. 

down payment ki builder ki em sambandam? do you mean earnest money? Ee madhya ekkuva adugutunnaru so that people won't back out when closing. Pedda option ledu muskoni kattadame if you like the floor plan and builder.

[Anta Assamey]

16 minutes ago, Hindhustani said:

Bro , for new house when you sign contract, how much you have to pay ? Some builders asking for 20% down payment. 

I was asked only 1% ... 

[terminator_desi]

7 minutes ago, terminator_desi said:

GC EAD vachindi ani confidence to kotta illu kontunava bro?Btw I also started looking for new homes.2014 PD.Got EAD

 

[terminator_desi]

6 minutes ago, TruthTruth said:

eb3?

yup eb2->eb3 downgraded in Oct2020

[Hindhustani]

1 hour ago, terminator_desi said:

GC EAD vachindi ani confidence to kotta illu kontunava bro?Btw I also started looking for new homes.2014 PD.Got EAD

It’s already too late bro some houses went up to 50% , feels hard putting hard earned money in inflated rates but no other option seems 

[sureshkonda]

8 minutes ago, Hindhustani said:

It’s already too late bro some houses went up to 50% , feels hard putting hard earned money in inflated rates but no other option seems 

anduke new house konaali ee time lo. used house konte manake bokka